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$849,000 Just Listed

  • For Sale
  • Active
  • Commercial Residential Facility
  • 0.06 Acres
  • Updated 22 hours ago
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This is a rare opportunity to acquire a fully occupied 5-unit multifamily property in one of Oakland's most established and desirable rental markets. Located in North Oakland near the Temescal District, MacArthur BART, Berkeley, and Emeryville, the property benefits from strong tenant demand, excellent commuter accessibility, and long-term appreciation potential. The property has undergone significant capital improvements, including remodeled units, a newer roof, and fresh exterior paint, creating a low-maintenance investment opportunity with stable in-place income. Tenants pay their own PG&E utilities, helping reduce ownership expenses and improve operational efficiency. Electric water heaters.

Full Property Details for 2831 Martin Luther King Jr Way

General

  • Price: $849,000
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: MAX
  • MLS ID: 41137937
  • Updated: 6/11/2026
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Hardwood, Laminate

Parking

  • Parking Features: On Street

Location

  • Area: Listing
  • County: Alameda
  • Subdivision: Pill Hill
  • Driving Directions: West Grand ave to MLK jr Way @ 28th st...

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Electric, MultiUnits

Utilities

  • Water: Water District
  • Utility Description: Individual Electric Meter

Structural Information

  • Exterior Const.: Stucco
  • Roof: Composition
  • Year Built: 1912

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Dimensions: 2613.6
  • Lot Features: Curb(s), Garden, Security Gate

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $264
  • Terms: Cash, Conventional

Listed by BHHS Drysdale Alameda, Christopher Paratore

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Listing agent

— 2831 Martin Luther King Jr Way —

  • Christopher Paratore

    BHHS Drysdale Alameda

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2831 Martin Luther King Jr Way

School District:Oakland Unified School District
NameGradesDistance
Westlake Middle School
2629 Harrison St., Oakland, CA 94612
6-80.6 mi
Mcclymonds High School
2607 Myrtle Street, Oakland, CA 94607
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2831 Martin Luther King Jr Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/11/2026
Listed
$849,000
1291.8%
MLS
8/03/1990
Sold
$61,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2831 Martin Luther King Jr Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,758
6%
$156,915
2%
2024
$3,559
-3%
$153,839
2%
2023
$3,651
4%
$150,823
2%
2022
$3,517
-18%
$147,866
2%
2021
$4,265
8%
$144,967
1%
2020
$3,955
-39%
$143,481
2%
2019
$6,468
115%
$140,668
2%
2018
$3,015
4%
$137,910
2%
2017
$2,911
6%
$135,206
2%
2016
$2,734
1%
$132,555
2%
2015
$2,715
1%
$130,565
2%
2014
$2,691
1%
$128,008
—
2013
$2,671
—
$127,431
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2831 Martin Luther King Jr Way

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by BHHS Drysdale Alameda, Christopher Paratore

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2831 Martin Luther King Jr Way, Oakland, CA 94609 (MLS# 41137937) is a Commercial Residential Facility property. 2831 Martin Luther King Jr Way is currently listed for $849,000 and was received on June 11, 2026. Want to learn more about 2831 Martin Luther King Jr Way? Do you have questions about finding other Commercial Residential Facility real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

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